0001127602-23-004432.txt : 20230210 0001127602-23-004432.hdr.sgml : 20230210 20230210155632 ACCESSION NUMBER: 0001127602-23-004432 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230208 FILED AS OF DATE: 20230210 DATE AS OF CHANGE: 20230210 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: McRae Lawrence D CENTRAL INDEX KEY: 0001323998 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-03247 FILM NUMBER: 23611571 MAIL ADDRESS: STREET 1: ONE RIVERFRONT PLAZA CITY: CORNING STATE: NY ZIP: 14831 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CORNING INC /NY CENTRAL INDEX KEY: 0000024741 STANDARD INDUSTRIAL CLASSIFICATION: DRAWING AND INSULATING NONFERROUS WIRE [3357] IRS NUMBER: 160393470 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: ONE RIVERFRONT PLAZA CITY: CORNING STATE: NY ZIP: 14831 BUSINESS PHONE: 6079749000 MAIL ADDRESS: STREET 1: ONE RIVERFRONT PLAZA CITY: CORNING STATE: NY ZIP: 14831 FORMER COMPANY: FORMER CONFORMED NAME: CORNING GLASS WORKS DATE OF NAME CHANGE: 19890512 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2023-02-08 0000024741 CORNING INC /NY GLW 0001323998 McRae Lawrence D ONE RIVERFRONT PLAZA CORNING NY 14831 1 Vice Chairman & Corp. Dev. Off Common Stock 2023-02-08 4 M 0 168 A 146426 D Common Stock 2023-02-08 4 M 0 139 A 146565 D Common Stock 2023-02-08 4 M 0 888 A 147453 D Common Stock 2023-02-08 4 F 0 1195 35.14 D 146258 D Common Stock 779.701 I Held By Wife - Emp. Benefit Plan Common Stock 5812.0006 I Trustee U/employee Benefit Plan Performance Share Unit Common Stock 11910 11910 D Restricted Stock Unit Common Stock 38423 38423 D Restricted Stock Unit Common Stock 16851 16851 D Restricted Stock Unit Common Stock 20412 20412 D Restricted Stock Unit Common Stock 1213 1213 D Restricted Stock Unit 2023-02-08 4 A 0 752 0 A Common Stock 752 752 D Performance Share Unit 2023-02-08 4 A 0 4730 0 A Common Stock 4730 4730 D Performance Share Unit 2023-02-08 4 A 0 3910 0 A Common Stock 3910 17378 D Performance Share Unit 2023-02-08 4 A 0 25039 0 A Common Stock 25039 86931 D Performance Share Unit 2023-02-08 4 M 0 168 D Common Stock 168 4562 D Performance Share Unit 2023-02-08 4 M 0 139 D Common Stock 139 17239 D Performance Share Unit 2023-02-08 4 M 0 888 D Common Stock 888 86043 D Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. The reporting person disclaims beneficial ownership of all securities held by spouse. Performance share units (PSUs) were earned February 3, 2021 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2020 pursuant to the 2020 agreement. Earned PSUs remain restricted until vesting. The earned units will vest ratably over 3 years from the grant date and convert to common stock, subject to service-based vesting requirement. Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock. The restricted stock units (RSUs) vest 100% on April 14, 2023. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date. The restricted stock units (RSUs) vest 100% on April 15, 2024. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date. The restricted stock units (RSUs) vest 100% on April 15, 2025. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date. The restricted stock units will vest on May 15, 2023. Events such as retirement, death, disability, and others specified in the May 2020 agreement may result in vesting prior to the vesting date. Employees were provided an opportunity to voluntarily exchange a portion of their compensation for the first six months of 2023 for restricted stock units (RSUs). The reporting person exchanged $22,013 of their cash compensation for 752 RSUs. The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date. Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2022 agreement. Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement. Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2021 agreement. Earned PSUs remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement. Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2020 agreement. Earned PSUs remain restricted until April 14, 2023, when they vest and convert to common stock, subject to service-based vesting requirement. Linda E. Jolly, Power of Attorney 2023-02-10